After much discussions and deliberation, the Board of Executive Directors of the World Bank on September 30th formally approved a $150-million programme to assist the Tamil Nadu government in its vision of transforming Chennai into a world-class city. To quote the official statement of the Bank itself, the objective of this Chennai City Partnership is to make the capital a city that is “more green, livable, competitive, and resilient to climate change and other shocks.” So what is the programme all about and why has the international financial institution decided to partner with Tamil Nadu’s capital? For starters, this is…
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